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Laan & Spar Bank A/S (OCSE:LASP) E10 : kr66.60 (As of Mar. 2024)


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What is Laan & Spar Bank A/S E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Laan & Spar Bank A/S's adjusted earnings per share data for the three months ended in Mar. 2024 was kr33.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr66.60 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Laan & Spar Bank A/S's average E10 Growth Rate was 16.60% per year. During the past 3 years, the average E10 Growth Rate was 15.80% per year. During the past 5 years, the average E10 Growth Rate was 12.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Laan & Spar Bank A/S was 15.80% per year. The lowest was 5.20% per year. And the median was 10.60% per year.

As of today (2024-05-29), Laan & Spar Bank A/S's current stock price is kr720.00. Laan & Spar Bank A/S's E10 for the quarter that ended in Mar. 2024 was kr66.60. Laan & Spar Bank A/S's Shiller PE Ratio of today is 10.81.

During the past 13 years, the highest Shiller PE Ratio of Laan & Spar Bank A/S was 14.42. The lowest was 10.53. And the median was 12.38.


Laan & Spar Bank A/S E10 Historical Data

The historical data trend for Laan & Spar Bank A/S's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Laan & Spar Bank A/S E10 Chart

Laan & Spar Bank A/S Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.90 41.60 47.19 53.80 64.60

Laan & Spar Bank A/S Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 57.11 59.91 62.53 64.60 66.60

Competitive Comparison of Laan & Spar Bank A/S's E10

For the Banks - Regional subindustry, Laan & Spar Bank A/S's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Laan & Spar Bank A/S's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Laan & Spar Bank A/S's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Laan & Spar Bank A/S's Shiller PE Ratio falls into.



Laan & Spar Bank A/S E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Laan & Spar Bank A/S's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=33/118.4000*118.4000
=33.000

Current CPI (Mar. 2024) = 118.4000.

Laan & Spar Bank A/S Quarterly Data

per share eps CPI Adj_EPS
201406 8.995 99.700 10.682
201409 6.972 99.700 8.280
201412 2.690 99.400 3.204
201503 12.670 100.200 14.971
201506 5.335 100.300 6.298
201509 14.222 100.200 16.805
201512 5.194 99.800 6.162
201603 14.466 100.200 17.094
201606 14.717 100.600 17.321
201609 18.515 100.200 21.878
201612 3.591 100.300 4.239
201703 14.565 101.200 17.040
201706 15.364 101.200 17.975
201709 18.955 101.800 22.046
201712 14.125 101.300 16.509
201803 11.300 101.700 13.156
201806 15.500 102.300 17.939
201809 16.500 102.400 19.078
201812 6.944 102.100 8.053
201903 10.500 102.900 12.082
201906 11.100 102.900 12.772
201909 19.000 102.900 21.862
201912 10.124 102.900 11.649
202003 7.500 103.300 8.596
202006 14.000 103.200 16.062
202009 14.100 103.500 16.130
202012 8.800 103.400 10.077
202103 9.900 104.300 11.238
202106 17.400 105.000 19.621
202109 16.700 105.800 18.689
202112 14.515 106.600 16.122
202203 10.900 109.900 11.743
202206 12.700 113.600 13.237
202209 11.300 116.400 11.494
202212 23.800 115.900 24.313
202303 34.400 117.300 34.723
202306 31.900 116.400 32.448
202309 34.100 117.400 34.390
202312 36.523 116.700 37.055
202403 33.000 118.400 33.000

Add all the adjusted EPS together and divide 10 will get our e10.


Laan & Spar Bank A/S  (OCSE:LASP) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Laan & Spar Bank A/S's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=720.00/66.6
=10.81

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Laan & Spar Bank A/S was 14.42. The lowest was 10.53. And the median was 12.38.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Laan & Spar Bank A/S E10 Related Terms

Thank you for viewing the detailed overview of Laan & Spar Bank A/S's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Laan & Spar Bank A/S (OCSE:LASP) Business Description

Traded in Other Exchanges
N/A
Address
Hojbro Plads 9-11, Copenhagen, DNK, 1200
Laan & Spar Bank A/S is a bank. It is engaged in the operation of specialty banking services for household customers. The company offers deposits, car and housing loans, business loans, and mortgages; and cards. It also provides investment, and pension and insurance services; and Internet banking and payment services.

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